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Shell Oil pulling up stakes, selling Kansas assets

KSAL Staff - September 22, 2013 9:46 am

Shell Oil says it is selling off its 45 wells and 600,000 acres in Kansas after its exploratory wells didn’t show enough potential to keep the energy company in the state.

The Wichita Eagle reports Shell joins several other major exploration companies that have given up on Kansas. Chesapeake Energy, Encana and Apache have been gone for more than a year, while three other companies haven’t filed an intent to drill since at least April.

Shell spokesman Scott Scheffler says the company felt its best value option was to sell its Kansas assets and go elsewhere.

Some other companies say they are doing fine in Kansas and plan to expand their operations in the state.

Chris Trostle

September 22, 2013 at 10:54 am

And yet we’ve got a government wanting to make funding sustainability illegal. House Bill No. 2366 (Proposal). Go ahead and cater to the big businesses that could care less about our state, and only care about padding their pockets before they decide to up and leave when it’s not profitable.

Fuchs Mi

September 23, 2013 at 8:09 am

Profit is what makes the world go round. If your employer does not make a profit you do not have a job. What is so hard to understand about that?

Chris Trostle

September 23, 2013 at 4:15 pm

Profitability of a business was not my point, FUCHS MI. Government should not cater to business in general. As far as your comment, you are correct; profit is a good thing; it simply was not my point. 🙂

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